The Business Times, 19 October 2004

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 34
1 34 The Business Times
  • 13 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http^/business-timesasial^onLsg MnAftaaflaooM Tuesday October 19,2004
    13 words
  • 132 1 sn 1.***** (-11.99) ST INDEX FUTURES 1,957.00 (+2.00) siMsa 233.90 (-1.67) SIMSa FUTURES ***** (-130) MARKETS Monday Change KLSECOMP 851.69 +0.40 NIKKEI 225 10,965.62 -17.33 HANG SENG 13.034.74 -24.69 SET INDEX 646.51 -1.97 JAKARTA COMP 854.39 -3J1 MANILA COMP 1,789.98 +8.57 SEOUL COMP 84B17 46.33 SHENZHEN B 234.09
    132 words
  • 44 1 TOP STORIES... PG 2,3 COMPANIES PG 4,6,8 MARKETS PG 10 SINGAPORE PG 14 ECONOMY PG 15 MALAYSIA. PG 16-16 CHINA ....PG 18 INDIA .....PG 19 WORLD ..PG21 AVIATION PG22 SHIPPING PG23 EDITORIAL PG 24 LETTERS ....PG 25 STOCKS .PG 26-27 PROPERTY ..PG 31-33
    44 words
  • 561 1  -  BT exclusive Survey finds their pay lags those of expats in many countries in region By CHUANG PECK MING [SINGAPORE] Pay isn't the biggest draw for the many expatriates still flocking to Singapore to work. While expats here command higher salaries than locals,
    Source: MNCS  -  561 words
  • 559 1  -  High-rolling action at Melbourne's Crown Casino is a fabrication, he says By VEN SREENIVASAN [SINGAPORE] Thomas Tay, the chief executive of listed logistics and freight forwarding group Air Ocean, is up in arms over an Australian newspaper report yesterday that named
    559 words
  • Page 1 Advertisements

  • TOP STORIES
    • 872 2  -  Outgoing CEO says retailing in Singapore is not a sunset industry By KALPANA RASHIWALA [SINGAPORE] If anyone had wanted to know what makes blue-chip retailer Robinson tick, they only needed to have been at a photo session arranged by BT last Friday. The photo
      ARTHUR LEE  -  872 words
    • 757 2 Should Solitaire cloud SembCorp's outlook? THE bad press over its ill-fated conversion job for Solitaire still haunts marine, logistics and engineering conglomerate SembCorp Industries. Our senior correspondent Wong Wei Kong, however, feels that if the past is crimping the stock's performance, investors with an eye on the future
      757 words
    • 769 3  -  Manufacturers whose raw materials are oil-dependent hardest hit Reports by NANDE KHIN [SINGAPORE] Manufacturers in Singapore are feeling the squeeze from oil prices that have hit record highs. And with most of these companies refraining from passing the increased costs to
      769 words
    • 582 3 [SINGAPORE] Singapore's non-oil domestic exports fell in September from the previous month, and even though the decline was at a lower rate than what the market had expected, economists say the trend of moderation may continue into the coming months. Non-oil domestic exports
      Source: IE Singapore  -  582 words
  • Page 2 Advertisements
    • 162 2 Beijing 101: choice of TV stars! t Singapore celebrities vouch jfj for Beijing 101's effectiveness. hair treatment M shows results I "Beijing 101's success I stories have been jBH I featured by The I joo**\. C^^Sunday Times, The WW C3KTV—~ I V SI jflß^chen Shin Min Daily News^j Irtn Terence
      162 words
    • 58 2 Incorporation services in all major jurisdictions Global network of offices Ready-made companies available Management and administration services China business registration Accounting and trade support services Virtual office solutions Personal and corporate bank introductions TO ARRANGE A FREE CONSULTATION CONTACT: SimonneToh T: 466 6695 3382 F: +65 6535 3991 E: singapore@ocra.com.sg
      58 words
    • 21 2 HOT IPO Get more investor interest. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. [Notices]
      21 words

  • Page 3 Advertisements
    • 86 3 Ut: -r- 7'".:' w w TM •»j? 1 V L «"J i/'/vv -r.Sz* i- > VACHERON CONSTANTIN Manufacture Horlog&re Geneva. >>: .v'-v.*. "-.y V?> --V- I il 1 Mti>iwliir rr T r ~apini^^^^^^WßMf i £:<■!<? >$■<&! Ifr/ ny^Mlwi o ®li-I p J J*wT I jMPBTiw WWJB6 lk&smW- r 'i^yK-- m
      86 words

  • COMPANY NEWS
    • 437 4  -  BT exclusive More than half currently have no exposure to this asset class: survey By SIOW LI SEN SOME of the largest Singa-pore-based financial institutions expect to invest in inflation-linked bonds, a relatively new asset class, as part of their diversification strategy. Barclays Capital's survey
      437 words
    • 309 4  -  By VEN SREENIVASAN FUNG Choi Printing and Packaging Group could become a major player in the RMB2 billion (Ss4o6 million) school textbook publishing and printing market in China's Guangdong province. The company, which is issuing 106 million new shares at 36.5 cents per share,
      309 words
    • 651 4  -  HOCK LOCK SIEW By WONG WEI KONG WHEN SembCorp Industries (SCI) bit the bullet and made a $150 million provision for its ill-fated Solitaire conversion job in early 1999, most regarded the move positively. While the provision reversed SCl's 1998 profits
      FILE PHOTO  -  651 words
    • 4154 4 UNIT TRUSTS FUNDS Shenton IncomeftJSO) 0.87/0896 Shenton Asia Pacific!" M14/0.847 Shenton Gfc Opportunities/" 0.637W.662 AM Amro «wt Mft (S'pora) Shenton DynanJc Bond/* 1365/1.406 Star Europe E(»!" 0.723/ shenton Greater China 1.111/1155 Star Europe Bond 21V Mendaki Global/" 0.656*1.676 Star Europe Bal 104* shenton Global Advantage 1.897/1.973 Star Asian Tiger Eqty
      4,154 words
    • 399 6  - Onus on firms to show directors 1 pay process: Lim Need to show link between performance and compensation By SIOW LI SEN COMPANIES need to communicate and explain clearly to shareholders the directors' remuneration process and to show the nexus between performance and compensation. Minister for Trade and Industry Lim
      FILE PHOTO  -  399 words
    • 237 6 LOSS-MAKING Firstlink Investments Corp, a contract Manufacturer of electronic and educational toys, has sold its stake in Australia's Mercure Hotel Conference Centre St Leonards (MSL) for A 511.6 million ($514.2 million). It added in a statement yesterday that the sale of the
      237 words
    • 621 6 Reuters SINGAPORE'S biggest property firm, City Developments Ltd, said yesterday it would follow competitors into apartment construction in China, but was also optimistic the home market was improving. While rivals Capita Land Ltd and Keppel Land Ltd have moved aggressively in China in the last
      Reuters  -  621 words
    • 491 6 Reuters THIS year's surge in Asian property investments stuttered in September, but analysts still see some bargains among the region's developing countries. Netherlands-based Global Property Research said Asian property, securities. including stocks and trusts, slipped 0.7 per cent last month, but still
      Reuters  -  491 words
    • COMPANY BRIEFS
      • 100 6 AUTOMATED Touchstone Machines, which produces automated teller machines (ATM), will launch its IPO of 22.2 million shares which represent 16.75 per cent of the company's enlarged share capital today at 20 cents. The invitation comprises 20 million new shares and 2.2 million vendor
        100 words
      • 74 6 NERA Telecommunications, which sells, services and distributes satellite communication and transmission network products, yesterday reported net earnings of $3 million for its quarter ended Sept 30,2004, a 39.3 per cent year-on-year increase. Turnover for the company rose 53.8 per cent year-on-year to $53.6
        74 words
      • 59 6 MAINBOARD-LISTED Teckwah Industrial Corporation announced yesterday it has entered into a sale and purchase agreement to acquire the entire equity interest in JNE Logistics Singapore for $5.4 million. IfliotTWH— tojje co&mmm&m of 70 peir^en interest for $3.78 million. The remaining 30 per cent interest is tied
        59 words
      • 75 6 PUBLISHING group Panpac Media Group yesterday announced that it has "decided not to proceed" with a proposed joint venture with Tianjin Jin Bao Media Investments and allowed a previously signed MOU for the joint venture to lapse. "The company has decided not to proceed with
        75 words
      • 101 6 SOCIETE Generale (SG) yesterday announced the proposed issue of 49 million European-style cash settled call warrants on City Development Limited (CDL) and another 12 million call warrants on SembCorp Logistics. The CDL warrants are priced at 20.6 cents each and may only be exercised on
        101 words
    • 241 6  -  By ROLAND LIM C'.IIINA and South Korea continue to l»i« the bright spots for electronics company Serial System Ltd, accounting now for about 80 per cent of group turnover. Revealing this yesterday at the official opening of the group's corporate building, executive chairman and
      241 words
    • 310 8  -  G-Cash service offers cellphone users cashless transactions By AL LABITA in Manila SINGAPORE Telecom's listed Philippine unit Globe Telecom yesterday launched what it called a "major breakthrough" in local and international mobile commerce in its bid to become a key player in cashless transactions. Called
      FILE PHOTO  -  310 words
    • 295 8 Bloomberg STARHUB Ltd, Singapore's fastest-growing cellphone company, has introduced cheaper calling plans, three months after rivals Singapore Telecommunications Ltd and Mobile One Ltd cut prices. The cheapest of the three new cellphone plans comes with a monthly fee of $19.95, which is Star Hub's
      Bloomberg  -  295 words
    • 215 8 JURONG Technologies Industrial Corporation has taken full control of Plexus Manufacturing (Far East) Pte Ltd (Plexus-Singapore), an investment holding company with contract manufacturing facilities in Batam, paying $9.44 million for the outstanding 40 per cent stake. The payment will be by way of eight
      215 words
  • Page 4 Advertisements

  • Page 5 Advertisements
    • 105 5 There's never been a better climate for growth in Asia Pacific. With this pace of growth comes a demand for the latest products, from air conditioners to refrigerators to washing machines. Whether you export or import blowers, dryers, pumps, compressors or just about anything else, our express distribution and logistics
      105 words

  • Page 6 Advertisements
    • 847 6 JURONG POINT REALTY LIMITED (Incorporated in the Republic of Singapore) (Company Registration No: *****5380 C) Directors: Registered Office: Yeo Chee Seong Ben 1 Fifth Avenue #02-06/07 Ong Kim Seng Harry Guthrie House Loh Fatt Kheong Singapore *****2 Lim Swek Nee 19 October 2004 To: The holders of the Bonds (as
      847 words


  • Page 8 Advertisements
    • 289 8 YourTrave[_ ™nh THAI ni Exceptional Savings I g. V f 7 figm" Upgraded travel with THAI is once again smoother than silk with exceptional savings. Travel in comfort in Royal Executive Class, or in the luxury of Royai First Class, with discounted paid upgrades. Exclusively for Royal Orchid Plus members,
      289 words
    • 98 8 Our qualified professionals can assist you with off shorn structures, shatf compant— I|a|ljOr"~ and incorporations in ML jurisdictions including: British Virgin islands Cayman islands Bahamas Mauritius PHHHHiHHH Hongkong 1 Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection
      98 words

  • Page 9 Advertisements
    • 106 9 iL -is MV mip y,iiy v»n y SiQNctS Jsksss. RPTS CERT NO 2002 0176 wUAJ SS ISO 9001:2000 With Our Congratulations Panasonic INGRAM 111 iroiMgwi. I— FUTURE ELECTRONICS samtec A Connector Company —^Excelpoint SEB 6 SEMITECH ELECTRONICS LTD. ■■■■HHBH P ««V tuco /tdcw& •"'f Electronics ITOCHU SYSTECH Singapore Pte Ltd
      106 words

  • SINGAPORE MARKETS
    • 530 10  -  STOCKS Poor September non-oil domestic export figures, sluggish beginning of week trade add to market's misery TEH HOOI LING Senior Correspondent THE climb of crude oil prices to hit fresh record highs, coupled with the lethargy associated with the beginning of the week
      Source: Bloomberg  -  530 words
    • Article, Illustration
      848 10  -  Compiled by VEN SREENIVASAN Singapore Airlines Oct 18 dott: $10.60 CREDIT SUISSE FIRST BOSTON, Oct 18 growth than demand growth, suiting in lower loads. This is not the best outcome but is in-line with expectations. Passenger traffic grew 7 per Cent year-on-year but capacity grew 14 per cent.
      848 words
    • Article, Illustration
      426 10 OTHER SINGAPORE INDICES Oct 18 VALUE CLOSE BT OB/OS -649.00 -351.00 BTCAPI -*****.00 -206.00 BT 10-day MA -*****.00 -65.00 All-SG Equities 508.22 -4.15 SG Equities Elect 156.87 -1 04 SG Equities Fin 1568.17 -5.66 SG Equities Prop 467.54 -4.96 SIMSCI 233.90 -1-67 SiMSCI Futures 234.50 -1.30 MOST ACTIVE STOCKS VOLUME
      426 words
    • 530 10  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar nosedived to lows not seen in up to eight moQthjl j late last weA.lj brushing asid* ofmuch stronger than expected US retail* sales reading for September. The solid 1.5 per cent riso reported last Friday was almost
      Source: Reuters  -  530 words
    • TRADES TO WATCH
      • 52 10 KOH Brothers Group said its non-executive director Quek Chee Nee sold 50,000 shares in the open market at ten cents apiece on Oct 15. The sale pared the director's stake to 0.19 per cent from 0.2 per cent Its shares closed flat at ten
        52 words
      • 58 10 INNO-PACIFIC Holdings chief executive Wong Chin Yong bought a million more shares at three cents each in the group, bringing his stake to 0.44 per cent. The open market purchase was made on Oct 15, Inno-Pac said in a statement yesterday. Shares of the
        58 words
      • 108 10 KEPPEL Corporation said yesterday that its executive chairman Lim Chee Onn (above) and finance director Teo Soon Hoe both exercised their share options on Oct 15. Mr Lim exercised 217,000 shares 190,000 at $2.12 each and the rest at $3.20 apiece. On the other
        108 words
      • 57 10 HUP Seng Huat substantial shareholder Lim Kim Tor has bought 92,000 more shares of the group at 31.5 cents apiece. The open-market purchase made on Oct 15 raises his stake to 5.44 per cent, from 5.41 per cent previously. Hup Seng Huat shares ended
        57 words
      • 69 10 SEMBAWANG Kimtrans (SK) substantial shareholders Peter Tan and Victor Tan have raised their stake in the group via private vehicle Kimstrans Singapore. Kimstrans bought 357,000 more shares in an open market purchase made yesterday at 16 cents each, bringing its stake holding to 22.16
        69 words
      • 58 10  -  Compiled by VINCE CHONG SCHRODER Investment Management bought 887,000 more shares in MobileOne (Ml) on Oct 13, the telco said in a statement yesterday. The purchase, made through certain holding companies, raises Schroder's stake to 7.52 per cent, from 7.44 per cent previously.
        58 words

  • SMALL CAPS
    • 765 11  -  The now diversified company is poised to achieve its sales target. JEAN CHUA takes a look at its prospects JEAN CHUA FOR a company that is on the threshold of achieving its target of $1 billion a year in turnover, Beyonics Technology has come a
      FILE PHOTO; Source: Bloomberg  -  765 words
    • 382 11 THE weakness in technology stocks dragged down our small cap portfolio in the week to yesterday. It slipped 2.8 per cent, while the UOB Sesdaq Index fell 2.5 per cent. This is the first time our portfolio has underperformed the second board index since
      382 words
  • Page 11 Advertisements
    • 42 11 Clean rooms of «H classes for gp—~ the nakoaductor industry. tfflfl' 456 Alexandra Road *15-00 NOL Building Singapore *****2 IH' W Tel: 6222 0665 Fax: 6224 8358 NB^ W Lmall: hpcsgrOhitachipUnt.com.sg to™ V Website at http://www.hltacNplant.hbi.ne.lp #Htfchi Pint Enfltn—Hng 8 Construction Co.Lid.
      42 words
    • 72 11 Express I SELECTS I s I H Book one night and get the I 'H second night free at the I h.i > B| new Hilton Kuala Lumpur. I I But whdtfvff .'»u (hocj','- to do. Exclusively with all American Express Cards. I I exciting selection of year round I
      72 words

  • SINGAPORE FOCUS: INDUSTRY
    • 381 12 Groundbreaking research carried out in chemistry, physics and biology WHAT is nanotechnology? When we think about nanotechnology, visions of super duper technology that deal with esoteric stuff more fit for science fiction movies come to mind such as microscopic robots crawling around in
      381 words
    • 934 12  -  Nanotechnology will be critical to Singapore's manufacturing industries, says AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY LAST year manufacturing contributed $160 billion or 25 per cent to Singapore's Gross Domestic Product (GDP) which shows that this sector is still a pillar of the economy. At the same
      934 words
  • Page 12 Advertisements
    • 112 12 I You think business. I I We mean business RI I For only $175* per room per night, the Breakfast-Bar-Broadband offer comes with I i Accommodation in a Deluxe Room International Buffet Breakfast H I Complimentary Mini-Bar in the room Free access to high-speed Broadband ■SHKfI B *Price is subject
      112 words

  • Page 13 Advertisements
    • 49 13 PIAGET POLO P Til k^Knr/#' JnGKK^Hcl||r^dQQS^^^^VflPpj^f •>• jjßwHUM^^^ i ..>■■• :i; -•<■' •>: 1 •>/•' i PiageT Geneve PIAGET Boutique: #01-11 Ngee Ann City Tower B, 391 Orchard Road, Singapore *****4. Authorised Retailers: Cortina Watch Roy Eastern Watch Sincere Fine Watches The Hour Glass (Scotts Shopping Centre) For more information:
      49 words

  • SINGAPORE NEWS
    • 437 14  -  Instead of seeing softer margins, players find Q3 to be as solid as H1 By RONNIE LIM SURPASSING earlier expectations, Singapore refineries continued to perform strongly in the third quarter, after a solid first half, and they expect oil product demand and margins to stay
      437 words
    • 195 14 THREE bungalow owners at Palm Grove Avenue in Serangoon have teamed up to sell their homes collectively. They hope to fetch at least $18.8 million for the 999-year leasehold site. This works out to a land cost of $355 per square foot (psf) of potential
      195 words
    • 220 14  -  Opening of SMU will breathe new life into the area By DANIEL BUENAS SINGAPORE'S civic district, with its schools and arts-re-lated establishments, looks set to draw some 16,000 students and artists to make the area "truly vibrant", Education Minister Tharman Shanmugaratnam said
      220 words
    • 334 14 HOT on the heels of a charity golf tournament which raised $160,000 for the Straits Times School Pocket Money Fund earlier this month, local watch retailer Sincere will host another four fun-filled days of treats for watch-lovers starting this Thursday at Takashimaya Square
      334 words
    • 133 14 ACTING Second Finance Minister Raymond Lim yesterday launched an "alumni" network to tap the diversity of views and perspectives of the finance ministry's former officers, and provide a platform for them to keep in touch and network with one another as well as
      ARTHUR LEE  -  133 words
    • SINGAPORE ROUNDUP
      • 79 14 PRIME Minister Lee Hsien Loong met Robert Ehrlich, Governor of the US state of Maryland, yesterday. Mr Ehrlich's two-day visit is part of a business-focused mission to the region. Mr Lee and Mr Ehrlich discussed national security issues and economic restructuring in the US
        79 words
      • 72 14 TRADE and Industry Minister Lim Hng Kiang will be visiting New Delhi, India, today to attend the third Asean-lndia Business Summit. Mr Lim will also meet political and business leaders in India. He will be accompanied by officials from the Ministry of Trade
        72 words
      • 85 14 WATCH retailers and wholesalers will have to be innovative and creative to maintain Singapore's position as a shopping hub for luxury timepieces. Minister of State for Finance and Transport Lim Hwee Hua said yesterday at the opening ceremony of the 15th Asian Horological
        85 words
    • 515 14  -  20,000 computers to use the software by March 2006 By RAJU CHELLAM, ROLAND LIM THE Ministry of Defence (Mindef) will install "opensource" software suites on all new desktop computers that it buys under a plan to equip 20,000 desktop computers with the new office productivity
      515 words
    • 429 14  -  By RAJU CHELLAM EUROPEAN giant Royal Philips Electronics has set up an integrated test-bed facility in Singapore to finetune products developed at its Philips Innovation Campus here. Called InnoHub, the test-bed facility is part of the US$9O million initiative that Philips announced last year under
      429 words

  • ECONOMY WATCH
    • 647 15 Some governors favour formal inflation goals Reuters [WASHINGTON] Battle lines are drawn at the Federal Reserve between those who favour formal inflation goals and those who don't, and the debate is heating up ahead of the coming retirement of chairman Alan Greenspan. Vice-chairman Roger
      Reuters  -  647 words
    • 228 15 US housing industry set for trouble Barron's Reuters [NEW YORK] Homebuilders are set for trouble ahead, with next year's earnings from four of the leading housing companies set to rim lower than Wall Street expects, according to a hedge fund manager quoted in the latest edition of Barron's. Doug Kass,
      Reuters  -  228 words
    • 553 15 Bloomberg. Reuters [LONDON] UK house prices increased at the slowest annual rate since March in the four weeks to Oct 9, Rightmove said, indicating higher borrowing costs are damping consumers' appetite for debt. The average price of a house rose 13.4
      Bloomberg.; Reuters; REUTERS  -  553 words
  • Page 15 Advertisements
    • 473 15 Set your sights on some of the world's most promising IPOs Be the first in line with the United Global IPO Fund The United Global IPO Fund lets you enjoy the potential performance of global IPO placements, pre-IPOs and global post-IPOs easily, In a risk-managed manner. The best thing? Performance
      473 words

  • MALAYSIA COMPANIES
    • 383 16 Winning group will seek to come in and unlock DRB's value, analysts expect Bloomberg [KUALA LUMPUR] Shares of DRB-Hicom Bhd, a Malaysian auto, construction and engineering company, x rose as much as 2.4 per cent after a group led by SM
      Bloomberg; Source: Bloomberg  -  383 words
    • 472 16 It has approval to negotiate with local partner on joint venture in consumer financing [BANGKOK] GE Consumer Finance (GECF), a unit of US-based diversified group General Electric Company, is now eyeing to set up operations in Malaysia, says a report in The Star,
      THE STAR  -  472 words
    • 257 16 [KUALA LUMPUR] Plastic precision moulding manufacturer LCTH Corp is embarking on a regional expansion and plans to set up manufacturing plants in Vietnam, Thailand, Indonesia and India, says a report in The Star. Managing director Elson Hew Lien Lee described the company's plan to expand
      257 words
    • 466 16 [KUALA LUMPUR] Shares of water-related counters on Bursa Malaysia have started to move up slightly from their low points as the date draws closer for the government to announce the National Water Policy, says a report in The Star. The Malaysian government had,
      466 words
    • 2295 16 VOl FSBM 1.05 unch 3 Oct It RM C000) FTEC Resources --0.51 0.01 945 Furqan Bus. Org .0.34 unch 5753 ASM Realty 1.37 -0.03 9 Gadang 1.42 -0.03 1135 Abric 0.50 -0.01 90 Gamuda 5.00 unch 1174 ACP Industries 1.38 -0.01 29 General Corp .0.52 0.01
      2,295 words
  • Page 16 Advertisements
    • 751 16 VMM NOTICE OF CLOSURE OF BOOKS FOR 551.100,000,000 6% NON-CUMULATIVE PREFERENCE SHARES ("PREFERENCE SHARES") Notice is hereby given that the Share Transfer Books and Register of Preference Shareholders will be closed on November 3, 2004. Duly completed transfers received by the Company's Registrar, Barbinder Co Pte Ltd of 8 Cross
      751 words

  • M'SIA/INDONESIA
    • 463 17  -  By EDDIE TOH in Kuala Lumpur FORMER prime minister Mahathir Mohamad has not interfered in the running of the government since he stepped down last October as the country's longest serving leader except on one occasion. "I have not been asked for any
      463 words
    • 642 17  -  INDONESIA INSIGHT Yudhoyono backers threaten to back out over Cabinet lineup SHOEB KAGDA Jakarta Correspondent E- VEN before he has been officially sworn in as Indonesia's sixth president, Susilo Bambang Yudhoyono is learning the harsh reality of politics that friends can turn into
      642 words
  • Page 17 Advertisements
    • 220 17 University Of Birmingham UK The full-time MBA Programme in the UK is Ranked l*iii the U.K. 6* in Europe, 25* Globally some: The Economist Intelligence Unit (2004) "7)M* programme. is fuUy taught in Singapore (partMme) by lecturer* from the UnicertUg of Birmingham, UJL 9 There are 5 terms a year.
      220 words

  • GREATER CHINA
    • 622 18 India's failure to buy Shell's stake in Angola oil blamed on China's move [NEW DELHI] Asian economic rivals India and China are locked in battle to secure stakes in oil fields and blocks in the new energy haven of West
      622 words
    • 356 18 Bloomberg [SHANGHAI] M&C Saatchi Pic, a UK-based advertising agency created by brothers Maurice and Charles Saatchi, forecasts sales from China operations will double in three years as it expands in the world's seventh largest economy. "China is an area of tremendous
      Bloomberg; AFP  -  356 words
    • 553 18 Reuters [BEIJING] Faced with a growing shortage of manual labour, the Chinese capital, Beijing, has signed an unprecedented deal to bring in 50,000 rural workers in exchange for pledges of timely wages and good working conditions. The agreements between Beijing and
      Reuters; REUTERS  -  553 words
    • 387 18 Reuters [BEIJING] The world's number two maker of computer memory chips, Micron Technology Inc, expects to start building its first plant in China by 2005 to feed into the world's fast-est-growing chip market, an executive said yesterday. Micron is now hunting for
      Reuters  -  387 words
    • 162 18 Reuters CTDKYO] Matsushita Electric Industrial Co Ltd, maker of Panasonic products, said yesterday it would invest 1.9 billion yuan (Ss3B6 million) to build a major manufacturing complex for home appliances in China. Matsushita said it would build a 270,000 square metre complex
      Reuters  -  162 words
    • 379 18 But new loans dive 21%, hit by lending clampdown Reuters [BEIJING] Bank of China, the country's largest for-eign-exchange lender, said yesterday its operating profit for the first nine months rose nearly a quarter from a year earlier despite a sharp fall
      Reuters  -  379 words

  • INDIA
    • 613 19  -  Use of US$120b of reserves may have consequences for US budget deficit By ANTHONY ROWLEY in Tokyo INDIA'S plan to use up to US$l2O billion of its foreign exchange reserves to help fund domestic infrastructure projects signals a radical departure that could influence the
      AP; Source: PPI database, 2003 results  -  613 words
    • 538 19  -  By AJOY SEN in New Delhi INDIA'S 280-billion rupee (5510.3 billion) pharmaceutical industry sees good days ahead with the launch of a new patent regime from Jan 1 as foreign companies now assured of product patent protection seek local partners. Some other favourable
      538 words
  • Page 19 Advertisements
    • 184 19 ■31 Bi B^W flfli MUV' li&IB -ZS!^ iMfe-i ..^^^^^BBBBtMiiH^^^^BißM^KaA^," yfcJHHI ,a^, fcioL l aßtl^H jai&fa Ki Ibiii ItiUBST- Wi« 1* s < A IHSPP *HBk jM Br I 'jMgnjjS I iSfcte jfJgL IfckJi -:S;: nH^H *Hfef i Ji. *rK*< \wV l i .a* nL, »jhk>.v i ~-tP»^^^^B* 1 1». ir»r-it''
      184 words
    • 99 19 wmßgmmrni Hi 5V ■>~ Recognition, Respect, Reputation. HuHi^Hlii^Hl You Can Have It All. Every business attempts to attain the 3 Rs. At Boss Design, we know how to. We have the key and we know where the door is. We believe an establishment should be superceded only by its respectable
      99 words

  • ASIA-PACIFIC/WORLD
    • 482 20  -  Mainboard-listed Utac benefitting from global sourcing trend By RAJU CHELLAM [SINGAPORE] The world's top electronics companies plan to source more than 20 per cent of their components from overseas providers, mostly in Asia, according to a study by the EIU (Economist Intelligence
      482 words
    • Article, Illustration
      59 20 [SEOUL] Models posing with the Le-Seyde. a handmade sedan built by Japan's Mitsuoka Motor, which went on display for the first time in Seoul yesterday. The Japanese company plans to use South Korea as its springboard for expansion abroad. Mitsuoka Motor plans to sell the two-door car with
      AFP  -  59 words
    • 276 20 Reuters [BANGKOK] Siam Commercial Bank PCL (SCB), Thailand's fourth-largest bank by assets, reported an annual 13 per cent rise in third-quarter net profit yesterday due to higher loan growth and fee income, which was in line with forecasts. The bank made a
      Reuters  -  276 words
    • 428 20 Reuters [BANGKOK] A one-trillion-baht (5540.5 billion) pledge by Prime Minister Thaksin Shinawatra to rid Thailand of poverty and drugs looks set to earn him another landslide victory in next year's elections, analysts said yesterday. The promises ranged from major infrastructure spending to
      Reuters  -  428 words
    • 551 20 International listings on US markets are up, with 25 firms raising US$9 billion this year Reuters [NEW YORK] Amid the plethora of homegrown companies going public fast week, US investors also contemplated three new overseas firms joining a growing wave seeking a foothold in
      Reuters  -  551 words
  • Page 20 Advertisements
    • 102 20 nn i i Diners Club Credit Card 6416 0980 Where to wine, dine and entertain... ilj>eaß Seafood by the oea /VV'VYx Amfu Fui Con Cu»«iow Cultuiai. Pamunc Ambibnci S«apood Dahcm Caaoin m /VV^AAAAAAA Jklnga vaafood raitauranr #T H ffl »•<■:» Slnfa lan Seafood RMttunnt 920 tot Cow tetany, Sttl"P<« W75
      102 words
    • 26 20 Pal'llfl The Official Watering Hole of "Phua Chu Kang; The MuskaT Cast Company f\ U m 10 M i|| ennia Wa k I 9 Raffles Boulevard
      26 words
    • 18 20 I ir« «t m g>\ Hr i V i I Ik' >'•■>. n II IU SIXI.SS I IMI S
      18 words
    • 111 20 Singapore Heritage Street Food "A Taste of Beach Road In the 60's" Relish nostalgic heritage street food of the 60 s now at Cafe Plaza every Saturday. So be tempted by legendary flavours like Oyster Omelette, Chilli Mud Crab, Bak Kut Teh, Hae Mee, Fried Yellow Mussels and more Branch
      111 words
    • 28 20 MERITUS MANDARIN SINGAPORE CHINESE CULINARY CLASSICS Reservations: H*/8 *****262/66 iffis CHINESE RESTAURANT WW MERITUS MANDARIN 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax: +65 6732 2361.
      28 words

  • WORLD
    • 440 21 Probe into 'corrupt' commission payments expected to widen [NEW YORK] Debt analysts have warned investors against holding bonds of insurance companies amid a widening regulatory inquiry into "corrupt" commission payments, says a report in the Financial Times. Marsh McLennan, the world's biggest insurance broker
      440 words
    • 577 21  -  By SHADA ISLAM in Brussels LARGELY credited with having helped launch the current round of World Trade Organization (WTO) free trade talks, Pascal Lamy, the European Union's outgoing trade chief, says he is impressed by the growing power and influence of developing
      AFP  -  577 words
    • 318 21 [LONDON] Economic crimes such as fraud and corruption are costing British business £40 billion (Ssl2l billion) a year and the problem is getting worse, reported The Guardian newspaper, quoting a report yesterday. The amount, equivalent to about 4 per cent of Britain's gross
      318 words
    • 418 21  -  By SERENA NG in New York COMPANIES in the US may beef up their capital spending in the coming weeks as the expiry of a tax depreciation law looms, say analysts. Tax breaks on the accelerated depreciation of capital investments signed
      418 words
    • 439 21 Move will create the world's biggest gold producer Reuters [JOHANNESBURG] South Africa's Harmony Gold has pounced on bigger domestic rival Gold Fields with an unsolicited, all-share takeover bid worth about US$B billion to create the world's biggest gold producer. Analysts say Harmony's move against
      Reuters  -  439 words
  • Page 21 Advertisements
    • 158 21 PHttfPS nL IRI^I^I If F ■■^H If \z 1 IH^^H I 9 f* '-4ill^l H[ ft' lIIHI^H ■K I ftßfl ftp' -^.^1 Ij —J K m 2004 2005 2006 JM| aoet t Uly .a I'Sim.'.. Help your company save 20% on energy bills. Improving a company's profitability can be a
      158 words

  • AVIATION
    • 658 22  -  SIA's offloading of its stake in AirNZ is not a negative move: AirNZ CEO By VEN SREENIVASAN [SINGAPORE] Air New Zealand will continue to work with Singapore Airlines and Qantas to expand its international footprint despite not having any stakeholding relationships with either
      ARTHUR LEE  -  658 words
    • 447 22  -  By DONALD URQUHART [SINGAPORE] Air New Zealand will continue to pursue commercial arrangements with Qantas despite conflicting regulatory views on their long sought after alliance which, in the latest twist, saw the Australian Competition Tribunal (ACT) give the deal a thumbs-up last
      447 words
    • 496 22 NYT [NEW YORK] Delta Air Lines, which is struggling to avoid a bankruptcy filing, has said that it expected to lose as much as US$675 million for the third quarter, and that it was burning cash at a steep rate. The news from
      NYT  -  496 words
    • 130 22 Bloomberg [TORONTO] Ace Aviation Holdings Inc, the parent company of Air Canada, said third-quarter operating income probably rose almost 14-fold on higher passenger traffic in Canada and abroad. Montreal-based ACE estimated that operating income was C 5235 million (Ss3l3 million) before onetime
      Bloomberg  -  130 words
    • 257 22 AFP [NAIROBI] A powerful explosion at a Nairobi airport left two people injured on Sunday and caused part of the roof of the departure terminal to collapse, but authorities said the blast appeared to be an accident. "We think that the explosion was caused
      AFP  -  257 words
    • 232 22 Bloomberg [FRANKFURT] European Aeronautic, Defense Space Co, the region's biggest aerospace company, expects to raise its full-year target for earnings before interest and taxes when reporting third-quarter results on Nov 4. A forecast for aircraft deliveries this year will be increased as well,
      Bloomberg  -  232 words
    • 1773 22 OTT FUWtT 1TA RJCWT HP SQ143 1535 SQ146 1640 GA840 1725 GAB41 1825 1A7M2 2215 SQ147 2230 SQ148 1900 QF82 2215 P—* NW11 0055 WW12 0600 LH9770 2300 OWtt 5Q43S 0550 BG71 1930 SQ229 2300 BG70 1810 SO«36 2030 Amsterdam SO323 0615 KL838 2255 OaM SQ427
      1,773 words

  • SHIPPING
    • 956 23  -  HPH's chief Meredith believes govts should get out of port business By PT Bangsberg DURING an interview, John Meredith, group managing director of Hutchison Port Holdings, was asked if he really aimed to run the whole world of terminals. "Look
      956 words
    • 338 23 Reuters [HONG KONG] Sea container traffic through Hong Kong, the world's busiest container port, rose 9.5 per cent in September from the previous year and against a 17 per cent rise in August, data from the Port Development Council showed. Hong Kong
      Reuters; FILE PHOTO  -  338 words
    • 228 23 AP [MANILA] The Philippine navy yesterday deployed an anti-terrorist task force to patrol resort islands as well as strongholds of al-Qaeda-linked Muslim extremists, officials said. Dubbed "Stingray", the force consists of a US-built patrol boat, two 24-metre gunboats, a small aeroplane commonly used in searches
      AP  -  228 words
    • 191 23 Reuters [SEOUL] South Korea's Daewoo Shipbuilding and Marine Engineering, the world's second-largest shipbuilder, said yesterday that it had recently won foreign orders worth US$l.l5 billion to build 10 ships. The latest deals took orders this year to US$5.6 billion for 59 ships, beating a target for
      Reuters  -  191 words
    • 333 23 Bloomberg [SINGAPORE] The cost of shipping crude oil from the Persian Gulf to the US and Asia may rise to a record this week as oil companies and traders hire more ships, shipbrokers said. Rates were little changed last week as the number of
      Bloomberg  -  333 words
    • 289 23 Source: Moneyline Telerate SGX '000 Oct u a vol CH Offshore -0.41 -0.01 33S1 Oman Hup 0.66 -0.01 5261 Cosco Investment 1X12 -0.02 5211 CWT Distribution .0.55 unch 296 EzraHldgs 1.25 0.04 1114 Freight Links 0.11 unch 646 Grand Banks Yacht 0.82 -0.01 62 JayaHoMings 1.02 -0.01 1372
      Source: Moneyline Telerate  -  289 words

  • EDITORIAL & OPINION
    • 546 24 EDITORIAL IT is not unusual for politicians to review their campaign promises soon after a ballot. Even so, it must have been something of a shock for Australians to be officially told that the forecasts of surpluses were not realistic less than a week after Prime Minister
      546 words
    • 1101 24  -  India's growth may lag China's, but the former's laissez-faire approach may prove to be more sustainable By TARUN KHANNA CHINA and India have followed radically different approaches to economic development. China's resulted from a conscious decision; India more or less happened upon its course. Is one way better
      AFP PHOTOS  -  1,101 words
    • 679 24  -  THE BOTTOM LINE PAUL SAMUELSON IN this last month before the November presidential contest between Republican George Bush and Democrat John Kerry, the US economic scene seems to pretty much follow the moderate course most experts had been predicting. No, not yet are there signs
      679 words
    • 96 24 'Prime Minister Thaksin Shinawatra is maximising his votes with a marketing-oriented political campaign. He is doing a hard sell.' -Sompop Manarungsan. an economics professor at Chulalongkorn University, on Mr Thaksin's re-election campaign 'They had complained and complained for months to the chain of command about the equipment
      96 words
    • 1296 25  -  Despite strong state influence on regulating the economy, its approach has achieved phenomenal growth By JONATHAN WOETZEL FINDING fault with China's approach to economic development is easy: cyclical overcapacity, state-influenced resource allocation, and growing social inequalities are just a few of its shortcomings. But it's hard
      REUTERS  -  1,296 words
    • 865 25  -  By DIANA FARRELL THE answer to the question, "Which is the better approach to economic development?" is not to be found at the national level. You have to look at what's going on in individual industries. And when you do, you find that supportive government policies
      865 words
    • 269 25  -  LETTERS TO THE EDITOR Angelina Fernandez Director (Communications) Monetary Authority of Singapore I REFER to "Beware rush of structured deposits" (BT, Oct 15). MAS has given banks until June 1, 2005 to comply with our recently issued Guidelines on Structured Deposits. This
      269 words

  • Page 25 Advertisements
    • 125 25 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      125 words
  • Page 25 Miscellaneous
    • 352 25 CRYPTIC CROSSWORD Amncc hy "I*** < 6 > ACROSS 5 very disappointed to be like Pol--1 Row with Uriah being called a |y with collywobbles? load of rubbish (5,4) (2,4,2,1,6) 9 "Footballer to depart" a story 6 Several days in stronghold near (6) front of territory (9) 10 Scottish location
      352 words

  • 7137 26 STRAITS TIMES INDEX STOCKS Stock aim WW don Change Sttdmn Wt__Oo»e OiMtq* Allgreen 50c 0.30 1040 -0.020 NOL 2.19 2.960 BIL Intl US20c 0.48 0.990 -0.005 OCBC 10.46 13 400 -0.100 CapitaLand 1 19 1.720 0 040 Partway H 25c 071 1.470 *0.030 Chart SemiCond 26c 0 79
    7,137 words

  • 5825 27 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES l»l<K*CW> %<h »yr *<» „*y Ofl 15 Indw OW Owno» Q>n— Chang* OW9» Chug* KWMBMMW MM OO >3 M 01 03 1 J timK&mm m.i -m «3 ti MM U ***** 03 *5 03 20 05 33 Padk «o» Q 42 33 Oil
    5,825 words

  • Page 28 Advertisements
    • 956 28 I IMPORT 1 NORTH AMERICA AUSTRALIA/NEW ZEALAND I »UPCTBHUm£ EXPRESS (88X) AUSTRALIA ABIA PCPWKBB (AAX) Js_ Js£ vessel vot one stp m am. m sw r*o PMNEDUOYD KOM 42W39 03/10 21/ PiO NEDUOYD AOIIAIK ON OMIT OMIT 09/10 11/10 It/11 20/10 20/10 LOS ANGELES EXPRESS 08W40 06/10 2 ANLEMMEM UN
      956 words
    • 812 28 IWIfAMAtOtOfViq vßsa/vor mwwoi leanon m km ja m *r SniAfTS VENTURE /13 IS JJ 14/10 11/10 11/10 M/ 10 24/10 STOUTS VBITUtt/14 15 3.J W/10 31/10 04/11 07/11 0»/ll STIAITS VEWTUtE /I S 15 33 12/11 Ml 11/11 21/11 23/11 IWWT AHA/liNQ<AmO«O IVS VKSa/VOY I lAMPWT) I jßjjgjj? I TOK
      812 words

  • Page 29 Advertisements
    • 823 29 Aln ampt hrtre-Ario Cmjooi Ik MCOM gumu YAMTIiM HUHH (MKMA BIIMIM UfjUTH cwmh| iS&iafrGyßK^ For Schedules, BL Searches, and Container Tracking, visit on our Home Page: wwwjngjjhl.com^q > www.lwinbufgsud.coni I asai mviq mfori t n ||,ih, if,,) ITT7 nil ■we sovki t 6S) SSMMK dumah "ST T/,?"" 0 TO? Pt0
      823 words
    • 1176 29 wssa voy^iiwt'^k^^ GOIDFNKATF ***** I 71/101 1 74/1(1 I W(tH Ultet MA fl l hbtom oi lii lim vi i 5/ii I ffiJB I xi\ !Sk I GOLDEN GATt 1433 M I 9/11 110/11 112/11 I-I l~ "Bf PYIUMK 073 A 11/11 IV" •UhiHg-IWSiww bo* WoiHi Wesr port luo I
      1,176 words
    • 905 29 <& SCiVFA WEEKLY EXPRESS SAIUNG SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS vroa vot an phans coto—o ilsheva coummo ItOftfaWWA TTWOSI lIOQ MOO 230C1 MOO WW mm (Mm mm boo 27qct 3000 o?wov kiwv IAMYGAWDHt OB7W 01 HOY 03WW 06MOV WHO* 12HW lATHHO6E 003W 00 NOV 10
      905 words

  • Page 30 Advertisements
    • 1303 30 USA# WALLENIUS WILHELMSEN WWWW wtbsiH: littp://»ww.2w|lobal.to« vtssa 1 vot uc Imo I how iw> mv lim I owl nw ixw| m» i TAMO AF42I 4201 m 4.4 M I 31/10 1 24/11 03/12 10/12 11/11 U/12 17/12 07/12 TALISMAN AF422 3201 MS 6.3 M I 15/11 I 10/12 20/12 27/12
      1,303 words
    • 813 30 vissa ffli m m visa m sa n pmiahpa um 20/lP ai/io hcwkum 22ZS 28/15 23ZU CSf 2301 0044P 21/10 23/10 JfcllU 1UZ Z3Z1A 2ft/lfl pacianoa m* 22/10 23/10 iimuTi? ail 26/10 21/111— ESSm 1M4H 22Z1S 24/10 I PACMMTAM 9271 27/10 30/10^] cy 2301 ml zi/ifi 25/IQ ■■^^■TFnvnRTiVifnH^^Hl PMMHPA 132SM
      813 words
    • 469 30 BSA i. MYANMA ■H FIVE STAR UNE (Mvmmmt National Um) Loading far Yaagoa VESSEL VOY SM PKI PW PGU PAGAN 336W 31/10 HPA-AN 326W SU) IN MALAYSIA: lOUSTEAO SHIPPING AGENCIES KUL 03-*****300 PKL 03-*****101 PEN: 04-2****** ACCEPTING CONVEMHONAL C«0 NRG SM HKG SM PGU Pll KUC JACARANDAACE 100 SU) SU
      469 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 6524 31 ETA ETA Advwlinr Vms«I Voyage Telephone ETA ETA A*wtlMr VmnI Voyage Tekpheae ciu n«i i'h hhu Nmm Humlw Number SIN nn'ii nmm Name Nmbar Ihnbar -«v«. -s 01/11 19/11 ChinaShpg PERSEUS 2026* *****898 To ABIDJAN (ABJ) 2003 Cote D (voire 02/11 21/11 senator! ibnsina
      6,524 words
  • Page 31 Advertisements
    • 93 31 One-Stop Shipping Services Ship Registrations Ship Classifications Radio Accounting Tuvalu, Mongolia, Panama, Quality. Safety, Security SSWICOS Belize and many other flags I Surveys and Consultants Accounting Authority RSO6 competitive fees low taxes >Wm efficient service, 365 days a year Worldwide network of surveyors No restriction on nationality of staffed by
      93 words

  • PROPERTY
    • 1414 32  -  BARRY LEA discusses the advantages and disadvantages of taking up mortgages in foreign currencies BARRY LEA OWING to increased interest in purchasing residential property in the United Kingdom, a number of banks have introduced mortgage facilities which are offered directly by their offices in Asia, others act as
      FILE PHOTO  -  1,414 words
    • 932 33  -  But it will only acquire properties that complement its branding, rather than play the numbers game, reports ANDREA TAN ANDREA TAN SURE, it may be a lot simpler for Fraser Serviced Residences to just buy over a chain of service apartments to hit
      FILE PHOTO  -  932 words
    • 685 33  -  Concern over a HK property bubble grows while uncertainty still dogs S'pore market, reports JEAN CHUA JEAN CHUA WHILE Singapore's housing prices have at best inched up this year, a piece of real estate in Hong Kong has fetched HK59.42 billion, the second highest price
      685 words
  • Page 32 Advertisements
    • 35 32 a Sit#* y: lOfahl* b^...'j/» TWO SINGAPOREAN ICONS fcl^A are an integral part of the Singapore landscape. Both are recognised are as symbols only one ir ctd a itc TlklCC., OUR WORLD. OUR NEWSPAPER. IMVNHV
      35 words

  • Page 33 Advertisements
    • 177 33 OFFICE FOR LEASE Building* Area (sqft) Buildings Area (>^ft) CaKex House 1,679 50.000 No 1 George St 10,000 30.000 Hitachi Tower 1,851 50.000 Republ.c Plaza 5,000 30,000 Singland 5.000-14,000 OUB Centre 5,000-26.400 John Hancock Tower 3,100-10,000 UOB Plaza 3,000 10,000 6 Battery Rd 3.000-14,000 Temasek Tower 3 000 36.000 Commerce
      177 words
    • 104 33 I PRIME OFFICE SPACE bu,ld,no ,n H EAR LEASE Winner of Prix d'Excellence g W— award, the Oscars of the I 12,196 soft, on high floor I II I IrH IMHi I with excellent view Raised floor system. ■I 9B| column-free space for major professional services companies and MNCs m
      104 words
    • 73 33 r sisiri At Nathan Road. In Prima District 10 2 adjoining land parcels totaling 23,313 sqft Invitation to buy 1 or 2 parcels annuel Plot Ratio 2.8 5 minutes to Orchard CBD Exclusive location close to embassies prestigious —n r precincts of Chatsworth, Jg s Bishopsgate Jervois lf|« W— Tender
      73 words
    • 22 33 FTiin J Lianhe Zaobao I (Veiling Blss I International I ISchoel to maifc I Roth I anniversary I I J I |^H
      22 words

  • BEYONDSINGAPORE
    • 959 34  -  At least 36 food service chains from Singapore have expanded overseas. And it's only just begun, says NANDE KHIN NANDE KHIN IT IS no longer a rarity to see a Singapore food service outlet outside of the country these days. Most people who
      FILE PHOTOS  -  959 words
    • 742 34 HAVING conquered the Singapore market, the Crystal Jade Group has been actively pursuing markets overseas. With its nearubiquitous outlets, group chairman Ip Yiu Tung knows that expanding beyond Singapore's shores is critical. "The Singapore market is nearly saturated for our existing concepts and it is
      FILE PHOTO  -  742 words
  • Page 34 Advertisements
    • 93 34 I 2004 Ymt of tntwmationaUsation International Enterprise Singapore OE Singapore) has des&tated 2004 as the "Mb* of Intemationafisation* to mark the start of a decade of irrtwnationalisation, characterised by three strategic thrusts: catalyse private sector-led internationaNsation. maximise connectivity with growth markets and promote the export of services by leveraging Singapore*
      93 words